Small businesses cannot grow without properly managed cash flow. With Superpare’s payment tracking and SMS/email automated reminders, you’ll collect payments on time and minimise cash bottlenecks and credit risk.
The Connection Between Cash Flow and Credit Risk
- Cost of Delays: Late payments lead to cash shortages.
- Client Relationships: Polite, automated notifications preserve trust with your customers.
Superpare’s Payment Tracking Process
Payment Tracking Dashboard:
- View all payments in one screen: overdue, due soon and completed payments are shown in separate lists.
- Quickly identify each client’s outstanding balance.
Reminder Scheduling:
- Automatically schedule SMS/email reminders 7 days, 1 day and on the due date.
- Include payment amount and a payment link in every reminder.
Best Practices for Success
- Use Polite Language: “Hello [Name], just a friendly reminder that your payment is due soon.”
- Proactive Reminders: Plan regular reminders ahead of due dates and automate them.
- Mobile Monitoring: Check payment statuses from anywhere via the mobile app for business management.
Tracking & Reporting
- Payment Status Reports:
- Monitor overdue receivables and collection rates with daily/weekly/monthly charts.
- Compare delays before and after SMS/email reminders to gauge effectiveness.
- Prioritisation Lists:
- List “at-risk” clients and send them an extra courteous reminder.
- Motivate punctual payers with a “thank you” message.
Take control of your cash flow with automated payment reminders and comprehensive payment tracking. Try Superpare’s payment tracking and automated reminders today with a 30-day free demo! Or get 2 months free when you buy an annual package!
Launch Offer: Start for free and enjoy full access to all features for 30 days – no credit card required.
Discover Superpare Now!